13 Years Long Breakout Happening In Jindal Steel
Cmp 839
This Month Closing Above 800 Will Open For The Target Of 1550
800-48 = 752+800 = 1550
SL - 660 ( Monthly Closing Basis )
Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels.
Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term.
Mutual funds raised their stakes recently. Quarterly results are...
Sock has already concluded a complex corrective structure at 24-Jan'24 low of 688 zone and started bouncing back. This suggests that stock is likely to move towards it's resistance zone of 756-760 in the coming days. Breaking above the resistance zone will lead it towards 800-820 zone over the weeks ahead.
NSE:JINDALSTEL
A solid Symmetrical triangle formed & broken out with volume.
Triangles are periods of consolidation showing rangebound trading in the stock. Once a breakout occurs, there is a good move expected up to the pattern height of the pattern .
SL - 720
Entry - 750
Target - 825
RR - 2.5
Disclaimer : This is NOT a Trade recommendation
Don't be aggressive
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entry after retracement upto 325
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entry: 325
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target-355- 390-420-440
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entry once after, market again came to retracement for 324
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.
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refer old ideas.
stay for update.
Hello, traders! Today I'm focusing on a prominent player - Jindal Steel. This analysis aims to provide both newbies and seasoned traders with some fresh perspective. Let's get started!
🔎 Understanding Key Terms
Before we delve into the analysis, let's clarify some crucial jargon:
LTF (Lower Time Frame): This is the time frame we use to execute our...
Hello fellow traders! Today, we're diving into analysis of Jindal Steel, exploring some of the core concepts that every budding trader should know. 🌟
Understanding the Basics 📘
LTF: Lower Time Frame - This is a shorter time frame for analysing stocks.
ITF: Intermediate Time Frame - This provides a comprehensive view of stock trends.
HTF: Higher...
MAHSEAMLES is a leading manufacturer of pipes and tubes Involved in power, electricity, and other industries. Currently trading at all-time high levels. Let's dive into the technical analysis of MAHSEAMLES to identify potential breakout patterns.
📊 TECHNICAL ANALYSIS
MAHSEAMLES is forming a potential breakout pattern on both daily and 75-minute charts,...
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Jindal Steel
Time Frame = 1 Day
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick , the body of which completely overlaps or engulfs the body of the previous day’s candlestick .
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks...
A cup and handle pattern was formed in Jindal Steel and Power. This is not a buy or sell recommendation. This chart is for educational purposes only. Please do your due diligence before taking any decision or consult your financial advisor.
